Nigerian tycoon Fidelis Ayebae gains $1.1 million from Fidson stake
Ayebae, a banker turned accomplished industrialist, owns a 33.1-percent stake in the pharmaceutical company, which translates to 759,643,749 ordinary shares.
Nigerian tycoon
Nigeria’s richest banker Jim Ovia loses $8 million from Zenith Bank stake
Ovia, a key figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990.
Tony Elumelu’s UBA promises backing for Nigerian and African small business owners
Elumelu, who owns a 7.39-percent stake in UBA, is not only one of the wealthiest investors on the Nigerian Exchange but also one of Nigeria’s most affluent individuals.
Nigerian tycoon Tony Elumelu’s UBA records $570 million in profit in 9 months
Elumelu, who owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares, ranks as one of the wealthiest investors on the Nigerian Exchange.
Nigerian tycoon Tony Elumelu’s Transcorp records 9M revenue exceeding $150 million
Elumelu, through his investment firm HH Capital, holds a 29.5-percent stake in Transcorp, or 11,990,957,350 ordinary shares.
Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake declines by $1.8 million
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
Nigerian tycoon Tony Elumelu’s UBA launches $6-billion initiative to support African SMEs
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
Nigerian tycoon Atedo Peterside’s stake in Stanbic IBTC soars by $2.3 million
This recent surge in Peterside’s stake further solidifies his position as one of the richest bankers in the country.
Bank led by Nigerian tycoon Herbert Wigwe achieves over $180 million in profit
Under Wigwe, Access also saw its total deposits surge from $15.23 billion at the start of the year to $20.2 billion as of June 30, 2023.
U.S.-Nigerian telecom tycoon Sam Darwish loses $32 million in 3 weeks
Despite the sustained decline in the market value of his stake, Darwish remains one of the top players in the global telecom industry.
Nigerian tycoon Fidelis Ayebae gains $1.4 million from investment in Fidson
The recent gains solidify Ayebae’s position as one of Africa’s pharmaceutical industry magnates.
Nigerian tycoon Taiwo Afolabi’s Sifax Group expands fleet, acquires 13 trucks
Under Afolabi, Sifax Group has evolved into a leading conglomerate with diversified interests in aviation, oil and gas, maritime, haulage, logistics, and hospitality.
Over $20 million vanishes from Nigerian tycoon Victor Odili’s MTN Nigeria stake in a month
Victor Odili, regarded as one of Nigeria’s wealthiest businessmen, has a 3.96 percent stake in MTN Nigeria.
Nigerian tycoon Oba Otudeko reportedly linked to 4.7-billion-share cross deal in FBNH
The transaction took place on the local bourse on Thurs., July 6, stirring speculation about Otudeko’s potential plans and intentions.
Nigerian tycoon Tony Elumelu’s UBA stake hit hard as naira devaluation sends shockwaves
The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.